Pending the compilation and analysis of this statement I wish to suggest that you refrain from actually obligating money available for expenditure during the current fiscal year except in those cases where such postponement or elimination will clearly be to the detriment of the public welfare.
Herbert Hoover: “Pending the compilation and analysis of this statement I wish to suggest that you refrain from actually obligating money…”
Editor's note · Context
Memorandum to Federal Departments and Agencies on Expenditures for Fiscal Year 1932
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